What Type Of Business Is Right For Me?

All the legalese can be confusing. Check out the following types of business structures to see which one fits your company best: C Corporation * Owners have protection of their personal liabilities * Individual and corporation will be taxed * Corporate minutes must be taken and formal meetings need to be held * Make state reports annually * Number of members not restricted \ LLC * Owners have protection of their personal liabilities * Gains and losses passed directly to members * Choose to be taxed as corporation or an LLC * Make state reports annually * Number of members not restricted S Corporation * Owners have protection of their personal liabilities * Gains and losses passed directly to shareholders * Corporate minutes must be taken and formal meetings need to be held * Make state reports annually * Maximum of 100 shareholders as members \